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ATO has updated its SMSF Independent Audit Report.
The new updated audit report must be used by all SMSF approved auditors for all audits conducted from 1July 2009,
regardless of the financial year being audited. Which means that if you going
to date an audit report 1st July 2009 or later then you must use
this new audit report.
Changes to the report are minor, and include:
- citing the introduction of
competency requirements for auditors of SMSFs by professional accounting
associations
- replacing s121 from the
compliance audit component with s126K, following the repealing of the
former section.
Other minor changes are there to improve the wording of the report.
If you are an auditor, please do not use the report being generated by your
software, from 1st July 2009 download NAT 11466 or click here to
download
By Manoj Abichandani SSA SSAud
SMSF Specialist Advisor
SMSF Specialist Auditor
Team Leader - Technical Division
www.trustdeed.com.au 

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www.trustdeed.com.au provides online service for creating, storing & managing legal documents for Companies and Trust deeds for SMSF, Family, Unit & Hybrid Trusts, click here for more information.
New / Update SMSF Trust Deeds cost only $110 and can be created in 20 minutes, Trust Deeds are emailed instantly!
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FIRST TRUST DEED FREE |
if you are an advisor, financial planner, accountant or a solicitor, we can offer you to create one trust deed on our system for free. This offer is valid provided you purchase 10 or more new SMSF deeds or update 10 SMSF trust deeds for your clients. To claim your first free trust deed, first register on our website www.trustdeed.com.au and phone our office on 02 9638 2807 for a promotional code.
If want to communicate with your clients, advising them the need & advantages to update their trust deed, click here to download a pro-forma letter to your clients.
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remeber you can create a SMSF trust deed at any time 24 / 7 |
www.trustdeed.com.au goes on live help
If you are an advisor and use our website for your clients SMSF Trust Deed. You now have access to SMSF Specialist Advisor who will answer all your technical questions online for you. Simply click the button above and start chat.
New or update your existing SMSF Trust Deed for $110 You can keep the trust deed up to date for the next five years for only $165.
Our SMSF trust deed has been prepared with input from accountants who have over two decades of experience in setting up structures for their clients and have combined knowledge of auditing and lodging tax returns for more then 2000 SMSF's, their practical experience is an invaluable contribution.
For further questions on our trust deed, ring 02 9684 4199 or email sales@trustdeed.com.au |
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